West Wits Mining Limited · ASX:WWI
West Wits Mining — Shareholder Meeting (November 2010)
18 slides from West Wits Mining's shareholder meeting presentation, Nov 30, 2010
Slide 1: West Wits Mining Limited Annual General Meeting 2010
Main heading For personal use only West Wits Mining Limited Annual General Meeting 2010 Explore, Evaluate, Extract
Slide 2: Disclaimer
Disclaimer Main heading For personal use only This presentation may contain certain forward-looking statements that have been based on current expectations about future acts, events and circumstances. These forward-looking statements are, however, subject to risks, uncertainties and assumptions that
Slide 3: Key Issues & Highlights
Key Issues Main & Highlights heading For personal use only • WWI was unable to complete any 3 of the separate processing transactions entered into with Mintails Limited • Mintails failed in its obligation to repay ~$1.95m in deposits made under a former terminated joint venture agreement, which led
Slide 4: Corporate: Capital Structure
Corporate Main heading For personal use only Capital Structure Ordinary Shares 160,220,234 Market Cap @ $0.052 ~A$8.32m Cash ~ A$1.2m Initial Princess & Marquise Resource Debt A$0 Announcement Enterprise Value ~ A$6.56m Initial Emerald Resource Options 18,811,300 Announcement Emerald Shareholding (T
Slide 5: Board and Executives
Board and Executives Main heading For personal use only • Michael Quinert • Niel Pretorius (Chairman) (Non Executive Director) 20 years as a commercial CEO of DRD Gold Limited lawyer and 15 years as a partner in a Melbourne law firm. Extensive experience in advising public companies on capital raisi
Slide 6: What will be the Company's targeted value drivers?
What Mainwill be the Company’s targeted value drivers? heading For personal use only • Corporate re-structure Mintails shareholding to be cancelled, leaving a fully diluted126 million shares on issue WWI can now move forward with supportive shareholder base WWI is assessing capital raising scenarios
Slide 7: Project Summary
Project Summary Main heading For personal use only • 15 targets identified • 8 targets received initial exploration programs • 4 targets contain various JORC Resource categories • 59,000 ounces Au JORC Reserve from Emerald (Appendix 1) • 426,700 ounces Au in combined JORC Resources at Emerald, Monar
Slide 8: Project and Target Development
Project and Target Development Main heading For personal use only Short Term Near Surface Mineralisation Strategy Emerald Gap LIP West Emerald Area Wits Area East Medium Term Underground Gold & Uranium Mineralisation Strategy Raptor King & Harrier Uranium Radiant Uranium Commander Target Gold Target
Slide 9: Emerald Gold Project
Emerald Gold Project Main heading For personal use only
Slide 10: Emerald 'Gap' Area Exploration Program
Emerald ‘Gap’ Area Exploration Program Main heading For personal use only • Aim to delineate a JORC indicated resource between 40-70k ounces to a depth of 85m • Program designed to join the Emerald orebody and Monarch together through the delineation of a possible resource across the approx. 1.2km s
Slide 11: Emerald East (Princess) Exploration Program
Emerald East (Princess) Exploration Program Main heading For personal use only • Aim – to double the current 20,000 ounce resource to 40-45koz to a depth of 85m • Current strike length of Emerald East Resource is 2km • Investigate possible extension of the Emerald Gold Project to incorporate Emerald
Slide 12: LIP Target
LIP Target Main heading For personal use only • Rockchip sampling across Livingstone Reef returned high grade gold results (>1g/t Au) in 24 of the 32 samples, peak value of 15g/t Au • Gold values outline potential for new near surface target • Rockchips were taken from exposed reef within, on the ma
Slide 13: West Wits 'LIP' Target Exploration Program
West MainWits ‘LIP’ Target Exploration Program heading For personal use only • Aim – to delineate a JORC compliant indicated resource between 40-50k ounces to a depth of 85m (excludes area under dump) • Drilling program designed to investigate potential for LIP Target to provide further open cut fee
Slide 14: Conclusion
Conclusion Main heading For personal use only Strategy • Continue to develop near surface mineralisation across leases • Complete exploration programs over the identified Emerald Gap area and LIP target to expand the potential for a stand alone gold processing operation with an optimized series of o
Slide 15: Contact
Contact Main heading For personal use only Grant Ferguson Tim Chapman Managing Director Investor Relations Phone: +61 3 9804 3322 Phone: +61 3 9824 8166 309 Glenferrie Road Malvern Victoria Suite 2, 1233 High Street Armadale 3144 Victoria 3143
Slide 16: Appendicies
Appendicies Main heading For personal use only
Slide 17: Emerald Reserve / Resource Table
Emerald Reserve / Resource Table Main heading For personal use only
Slide 18: JORC Statement
JORC MainStatement heading For personal use only The Ore Reserve Estimate summarises the content of the mine designs above a 0.8g/t cut-off. The figures presented have been rounded and include mining dilution and ore loss. The Ore Reserve Estimate has been derived as part of pre-feasibility study Th
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